Bitcoin

INVERTED $BTC chart with Inverted Fib Overlay

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This chart has a lot of things going on, but the MAIN take away is that if this chart drops, BTC price goes Higher. What is fascinating is that the Rallies first failure was EXACTLY at the .5 Fib. That area becomes important as it is NOW resistance. Our support Zone, which I detailed earlier, is more specific here with a possible back test to 42K+. It appears as resistance here, but remember the chart is inverted so it is Support on the normal BTC chart. I still see a MINIMUM target coming in by the end of the year. While I wont give a specific price, I can give a guesstimate in the form of a ZONE. I still see BTC making another ATH between 74K-83K (again this is a minimum and base off the Fib extensions from the prior cycle high to Bear low)

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